PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) Short Interest Up 329.5% in July

PGIM Active Aggregate Bond ETF (NYSEARCA:PAB) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 11,846 shares, an increase of 329.5% from the July 15th total of 2,758 shares. Based on an average trading volume of 8,350 shares, the short-interest ratio is currently 1.4 days. Approximately 0.7% of the company’s stock are sold short.

PGIM Active Aggregate Bond ETF Stock Performance

PAB stock traded up $0.15 during midday trading on Thursday, hitting $41.71. The company’s stock had a trading volume of 12,473 shares, compared to its average volume of 19,312. PGIM Active Aggregate Bond ETF has a 12 month low of $41.23 and a 12 month high of $43.55. The firm’s 50-day moving average is $41.91 and its 200-day moving average is $42.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PAB. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of PGIM Active Aggregate Bond ETF during the fourth quarter valued at $25,000. Flow Traders U.S. LLC purchased a new position in PGIM Active Aggregate Bond ETF in the 3rd quarter worth about $246,000. Osaic Holdings Inc. lifted its stake in PGIM Active Aggregate Bond ETF by 280.9% during the 4th quarter. Osaic Holdings Inc. now owns 9,073 shares of the company’s stock valued at $388,000 after acquiring an additional 6,691 shares during the period. Evergreen Wealth Partners LLC bought a new position in PGIM Active Aggregate Bond ETF during the 4th quarter valued at about $504,000. Finally, Jane Street Group LLC boosted its holdings in shares of PGIM Active Aggregate Bond ETF by 63.0% during the 1st quarter. Jane Street Group LLC now owns 24,483 shares of the company’s stock valued at $1,037,000 after acquiring an additional 9,464 shares during the last quarter.

About PGIM Active Aggregate Bond ETF

The PGIM Active Aggregate Bond ETF (PAB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed fixed income fund that holds USD-denominated securities issued by both government and corporate entities. These securities must be investment grade and have maturities of more than one year. PAB was launched on Apr 15, 2021 and is managed by PGIM.